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Etymologie

Was (wer) ist Walrasian auctioneer - definition

SIMULTANEOUS AUCTION WHERE EACH AGENT CALCULATES ITS DEMAND FOR THE GOOD AT EVERY POSSIBLE PRICE AND SUBMITS THIS TO AN AUCTIONEER

Walrasian auctioneer; Tatonnement; Tâtonnement; Walrasian tatonnement; Walrasian tâtonnement; Walrasian market

Walrasian auction

A Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible price and submits this to an auctioneer. The price is then set so that the total demand across all agents equals the total amount of the good.

https://en.wikipedia.org/wiki/Walrasian_auction

Competitive equilibrium

ECONOMIC EQUILIBRIUM CONCEPT

Walrasian equilibrium; Competitive Equilibrium

Competitive equilibrium (also called: Walrasian equilibrium) is a concept of economic equilibrium introduced by Kenneth Arrow and Gérard Debreu in 1951K. Arrow, ‘An Extension of the Basic Theorems of Classical Welfare Economics’ (1951); G.

https://en.wikipedia.org/wiki/Competitive_equilibrium

Edsel Auctioneer

EDSEL AUCTIONEER BAND

The Edsel Auctioneer

The Edsel Auctioneer were a band formed in Leeds in 1988 by Ashley Horner (guitar/ vocals), Phil Pettler (bass/ vocals), Aidan Winterburn (vocals, guitar) and Chris Cooper (drums). They were named after the ill-fated Ford automobile whose front grille was supposed to have resembled a woman's pudenda.

https://en.wikipedia.org/wiki/Edsel_Auctioneer

Wikipedia

Walrasian auction

A Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible price and submits this to an auctioneer. The price is then set so that the total demand across all agents equals the total amount of the good. Thus, a Walrasian auction perfectly matches the supply and the demand.

Walras suggested that equilibrium would always be achieved through a process of tâtonnement (French for "trial and error"), a form of hill climbing. More recently, however, the Sonnenschein–Mantel–Debreu theorem proved that such a process would not necessarily reach a unique and stable equilibrium, even if the market is populated with perfectly rational agents.

https://en.wikipedia.org/wiki/Walrasian auction